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Saudi Arabia

Who Will Win The Oil Price War?

The oil price war between…

Energy / Energy-General

Dollar

Oil Jumps As Fed Pledges “Unlimited” Cash To Bolster The Economy

Mar 24, 2020 at 11:01 | Tsvetana Paraskova

Oil prices jumped by 4 percent early on Tuesday after the U.S. Federal Reserve launched on Monday extensive new measures to support the economy as the coronavirus pandemic spreads. But…

Total oil storage

Oil Majors Are Preparing For $10 Oil

Mar 23, 2020 at 18:27 | Nick Cunningham

The wave of oil industry spending cuts continues, with the majors now announcing significant reductions to spending as oil remains stuck in the $20s.  Royal Dutch…

Nicolas Maduro

The Oil Price War Could End Maduro’s Regime

Mar 23, 2020 at 13:55 | Mitchell McGeorge

With the current oil price war raging across the globe, the heavyweights of Saudi Arabia, Russia and UAE have been offering significant volumes and discounts into the market, crushing the…

Offshore

Oil Majors Slash Spending Amid Price Plunge

Mar 23, 2020 at 12:59 | Tsvetana Paraskova

Shell became the latest oil major to announce significant spending cuts to protect its balance sheet from crashing oil prices, joining other majors such as Exxon in the drive to…

Barrels

What Will It Take To See $65 Oil Again This Year?

Mar 23, 2020 at 12:05 | Tsvetana Paraskova

Right after Saudi Arabia-led OPEC and Russia broke up their pact to keep oil supply and prices in check, some in the U.S. oil industry were optimistic that oil prices…

Saudi Arabia Deficit

Saudi Arabia’s Deficit To Soar As Oil Price War Rages On

Mar 23, 2020 at 10:08 | Irina Slav

Saudi Arabia could book a budget deficit of as much as $61 billion this year under the double blow of the coronavirus pandemic and the global oil glut,…

Permian

US Oil Turns Its Back On The Permian As Prices Crash

Mar 23, 2020 at 09:08 | Tsvetana Paraskova

Amid crashing oil prices, oil firms are rushing to cut budgets and exposure to the most prolific shale basin in the United States, the Permian, yet industry bodies expect the shale…

Natural Gas

Russia Moves In On European Gas Markets As Oil Prices Crash

Mar 20, 2020 at 17:27 | Tsvetana Paraskova

Russia sees a silver lining in the oil price collapse—it now believes that the oil price war will help it win the war for natural gas market share…

Shale rig

Not Even Higher Oil Prices Can Save U.S. Shale

Mar 20, 2020 at 17:05 | Nick Cunningham

The U.S. shale industry is burning through cash so fast that even the state of Texas is looking at government rationed production targets.  Texas Railroad Commissioner…

Lockdown Oil

U.S. In Lockdown: The Biggest Threat To The Oil Industry Ever?

Mar 20, 2020 at 16:58 | Julianne Geiger

The SARS CoV2 virus that is behind the COVID-19 pandemic has finally ravaged the United States, and cities and states are reacting to its brutality by shutting stuff…


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